Dow Passes 15,000 on Chinese Data and Mergers (AAPL, VZ)
The Dow once again passed over 15,000 on Monday while the Nasdaq Composite finished at its highest since September of 2000. Stocks pushed higher as positive economic data from China was released and Russia offered a proposal for Syria regarding chemical weapons. Investors also looked to tomorrow's release of the newest iPhone model from Apple (AAPL). The company saw shares rise about 1.6% on Monday. Molex (MOLX) soared after a deal was announced for Koch Industries' $7 billion purchase of the electronic maker.After hours Palo Alto Networks (PANW) reported earnings results and a sales increase of 49%. The US dollar dropped against most major currencies today and oil futures closed down from highs on Friday.
Word on the Street
- Fed official says recent jobs data won't put taper plans on hold.
- Positive economic data from Asia pushes up stocks on Monday.
- Koch Industries to buy Molex (MOLX) for $6.9 billion.
- Consumer buying in the US increases to $10.4 billion in July.
- The Fresh Market (TFM) Misses Loft Sales Expectations.
- US dollar continues to drop on jobs reports as Australian dollar hits a month high.
Published on Sep 9, 2013By InvestorGuide Staff